What is MOBOX? Everything you need to know about MOBOX Token

After the success of Axie Infinity, we have seen many new play-to-earn gaming projects on different blockchains. Many GameFi projects are released to catch up with the trend.

In this article, we would like to introduce MOBOX known as a free play-to-earn game. We'll be covering the following topics:

• What is MOBOX? How does MOBOX work?
• MBOX Tokenomic: key metrics, token allocation, and token use-cases.
• How/Where to earn and store MBOX tokens?
• Roadmap & Updates.
• Team members, Investors, and Strategic Partners.

Let's explore the potential of MBOX!

What is MOBOX?

MOBOX is a community-driven GameFi platform built on BSC (Binance Smart Chain) that combines the features of decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain gaming to create a free-to-play and play-to-earn ecosystem. It was launched in April 2021.

MOBOX is also working on a game creator and an NFT creator. Developers can use the platform to launch their own games and NFTs. Users can log in with a non-custody wallet, email, or phone number. Mobox's user interface is available on Desktop, IOS, and Android.

How does MOBOX work?

GameFi - Free play-to-earn game (F2P2E)

You need to stake MBOX tokens or other cryptocurrencies to earn KEY tokens that unlock the NFTs to play the game, but the better characters do cost money.

MOBOX has three games: Block Brawler, Token Master, and Trade Action. Users can play the game directly on MOBOX.

Generating NFTs

Using Liquidity Pools, Yield Farming, and NFTs, the GameFi infrastructure will not just find the best yield strategies for users but also generate unique NFTs that can be used across a multitude of games. This gives MOBOX users the unique ability to play for free and to earn in one singular process.  

Crate contracts use an optimal auto-compounding strategy to provide users with the best yield possible. In this instance, the user deposits two assets into the Pancake Liquidity Pool (In order to provide a seamless experience, this can be done on the MOBOX platform), and will receive a Pancake LP token. The LP token can be deposited into MOBOX Crates which will utilize CAKE mining and re-invest CAKE rewards into the protocol, giving users more of the base LP.

NFT Marketplace

The MOBOX NFT marketplace is a decentralized exchange where users can buy and sell MOMO NFTs. A decentralized marketplace where users can trade, lend and rent NFTs in the MOBOX metaverse. 

There are options to buy NFTs in bundles as well as trade them without stopping your farming or staking activity. The project takes a 5% cut from NFT sales, from which 80% goes to its Buyback and Burn pool.

What is MBOX token?

MOBOX tokens are the native cryptocurrency on the MOBOX platform.

Detailed information about MBOX token

MBOX Key Metrics

• Token Name: MBOX.
• Ticker: MBOX.
• Blockchain: Binance Smart Chain.
• Token Standard: BEP-20.
• Contract: 0x3203c9e46ca618c8c1ce5dc67e7e9d75f5da2377
• Token Type: Utility, Governance.
• Total Supply: 1,000,000,000 MBOX.
• Circulating Supply: 34,713,981 MBOX.

MBOX Token Allocation

• Community: 51% (204,000,000 MBOX).
• Contributors: 21% (84,000,000 MBOX).
• Strategic Partners: 8% (32,000,000 MBOX).
• Team MOBOX: 20% (80,000,000 MBOX).

MBOX Token Release Schedule

MBOX Tokens will be distributed over 5 years according to the below schedule.

MBOX Token Sales

There is no pre-mine, seed round, or offering round for the MBOX tokens.

MBOX Token Use Cases

• Transaction Fee: Processing of transactions through the NFT gaming platform.
• In-game currency: Players can use MOBOX tokens to make in-game purchases, such as buying new characters. It's also used as a reward for the in-game activity.
• Staking: Staking for platform bonuses and incentives.
• Governance: MBOX holders can submit and vote on proposals that help determine the future of the platform.
• Buyback & Burn: The platform has also implemented a buyback and burn program funded by 80% of all profits across the platform, which will reduce the maximum token supply of MBOX over time.

How to get MBOX Token

Users can yield farm by staking Pancakeswap MBOX-BNB LP (BEP20), lending NFTs to other players, playing blockchain games on the platform, and earning MBOX through yield farming via MOMO Farmer. 

How to store MBOX Token

You can store MBOX on Coin98 Wallet with these steps: 

Step 1: Open Coin98 Wallet & click Search Icon on the home screen. 

Step 2: Search MBOX Token. 

Step 3: Click on the correct result at Receive Tab, copy the wallet address and send MBOX to this address.

MOBOX Roadmap

The important features has launched

• Released MOBOX Decentralized & Centralized Wallet.
• MOBOX MOMO NFT decentralized exchange.
• Optimize Yield Farming contracts for higher yield.
• Completed MOMO NFT Mystery BOXes on Binance NFT Marketplace.
• Selected for the Most Valuable Builder II (MVBII) program amongst projects in the BSC ecosystem.

The upcoming expected roadmap

• Develop cross-chain bridges for NFTs, which will allow users to move NFTs between Binance Smart Chain (BSC), ETH, and TRON.
• MOBOX NFT Creator Platform.
• Onboard first third-party developer to utilize APIs.
• Expand on Tier 1 IP for Legendary MOMO NFT.

Metaverse

Mobox's infrastructure already supports NFTs and the gaming mechanism is quite good, so Mobox also orients to develop the Metaverse segment.

Team, Investors, and Partners

Team 

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Investors

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Partners

Yield Guild Games (YGG): YGG and MOBOX share the same goal of expanding their portfolios with play-to-earn games and driving the play-to-earn ecosystem forward by offering players a variety of game genres to engage with and earn from. 

MDEX: As part of this partnership between MOBOX and MDEX, all veMBOX holders who stake their veMBOX will be entered into a weekly drawing MDEX Lottery to win MDX.

Apeswap: All ApeSwap NFTs will be supported by the MOBOX Platform for genuine NFT cross-platform compatibility. 

BSC News: MOBOX has partnered up with BSC NEWS to bring you a month of NFT GameFi Content. The series will begin with BSC News spending $1,000 on the MOBOX gaming platform through several techniques, and they will play MOBOX games for 1-2 hours five times a week. The investment will be streamed and documented by BSC News.

Similar Projects

The Most Valuable Builder III benefits Mobox and many other play-to-earn blockchain games in Binance Smart Chain (BSC). The goal of the MVB Program is to better support BSC startups (Builders/Developers) growing into stable, reliable, and valuable parts of the crypto ecosystem. 

Conclusion

With many GameFi launched recently in the DeFi market, choosing one to invest in is not an easy decision. I believe that the detailed information provided above about MOBOX will greatly assist you in deciding whether or not to invest in MOBOX.